Categories: Latest News

Petrol Pumps strike called off after govt agrees to increase dealers margin to 4.4%

Petrol Pumps strike has been called off after govt agrees to increase dealers margin to 4.4%!

On Thursday evening the Pakistan Petroleum Dealers Association (PPDA) called off the nationwide strike after the government agreed to increase their profit margin to 4.4%.

Earlier, it profit margin was 3.9% and the PPDA demanded the government to increase it to 6%.

The announcement on behalf of PPDA was made by the association’s chairman Abdul Sami Khan.

The government has assured the petroleum dealers to review the profits every six months, as per the media reports.

 Federal Minister for Information and Broadcasting Fawad Chaudhry also confirmed the development in a tweet.

 

As being reported, following the announcement the petrol pumps across the country have started to open up.

Saman Siddiqui

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